Reference no: EM131394278

Assignment

Scenario: Midwest Grains, Inc. (Grains) is a large, privately-owned Iowa-based supplier of various grains to manufacturers and retailers throughout the country.

National Bakers, Inc. (Bakers) is a large, family-owned corporation based in New Jersey with operations in 15 states.

On August 30, representatives for Grains and Bakers verbally agreed for Grains (1) to sell 1000 lbs. of wheat grain to Bakers for market price, to be shipped via truck to the Bakers' warehouse in New Jersey by September 12, 2016, and (2) to sell 100 lbs. of ground corn to Bakers for market price, to be shipped via truck to the Bakers' warehouse in New Jersey by November 1, 2016.

Grains and Bakers have engaged in previous business sales transactions and always commit their verbal agreements to signed written contracts via email. On September 3, Grains and Bakers completed a written contract to reflect their agreement for the sale and shipment of grains.

1. Write a valid enforceable contract that reflects the September 3 agreement between Grains and Bakers, as described above.

This is to be your own work, not use a standard form contract from the internet.

2. Assume that beginning in the summer, 2016, there is an oversupply of grain that is driving prices down. Consequently, on all grains in the US, and provides for payment of a subsidy to farmers for not growing grains.

Grains and Bakers were unaware of this ban when they signed the September 3 contract for the sale of grains.

Analyze and discuss the (1) the constitutionality of the Limited Grain Act explaining the legal basis for the law and why it is constitutional or unconstitutional, and (2) the validity of the September 3 sales contract between Grains and Bakers explaining the conclusions and rationale in detail.

B. Analyze and discuss the constitutionality of the Limited Grain Act explaining the legal basis for the law and why it is constitutional or unconstitutional.

Required Formatting:

• Your response should be double spaced, 12-point font, and three to four pages in length excluding the title page and reference page.
• Title page with your name, the course name, the date, and instructor's name.
• This paper is to be written in the third person. There should be no words in the paper such as "I and we."
• Include references with at least one reference other than the textbook.
• Writing should be clear and concise.
• Use APA formatting for in-text citations and reference page. You are expected to paraphrase and not use quotes. Deductions will be taken when quotes are used and found to be unnecessary.
• Use outside credible sources.
• Submit the paper in the Assignment Folder.

APA Requirements

Under the Discipline Specific Policies in the Course Overview section of the Syllabus, students will adhere to the APA guidelines. Students are asked to following these guidelines for the all work done in the course for the following reasons:

• Provides evidence of your research and demonstrates a student's careful and thorough work put into locating and exploring sources;

• Helps readers understand the context of your argument and provides a trail to locate the material cited;

• Allows you to acknowledge those authors who contribute to your learning;

• Helps in your learning process by drawing attention to the originality and legitimacy of your own ideas and work;

• Helps avoid plagiarism by demonstrating your integrity and skill as a responsible student.

Students are expected to:

• Complete assignment using Times Roman New, 12 point font, double-spaced with indented paragraphs;
• Use in-text citations;
• Use a hanging indented reference list associated with the in-text- citations.
• If information is used from an article, website or any other type of source of information, students are expected to cite according to the APA guidelines.
• Students are not to use direct quotes and are expected to paraphrase;
• Students need to support opinion statements with references from the course resources or other source;

Students are not expected to provide an abstract on assignments but are expected to provide in-text citations and references

Reference: https://www.saylor.org/site/textbooks/Business%20Law%20and%20the%20Legal%20Environment.pdf